MUNICH, Germany, March 10 (UPI) -- Uli Hoeness, president of European soccer team Bayern Munich, has admitted to evading $25 million in German taxes and hiding funds in Swiss bank accounts.
Hoeness was previously charged with evading a far smaller sum of $4.8 million in taxes and could be looking at a jail term if found guilty. Hoeness agreed to his tax evasion last year after he tried to file revised tax papers, hoping for amnesty in return for paying the taxes he owned.